Forbes: “The U.S. Department of Justice is issuing another reminder that marijuana businesses don’t have a right to bankruptcy proceedings. . . . ‘”First, the bankruptcy system may not be used as an instrument in the ongoing commission of a crime and reorganization plans that permit or require continued illegal activity may not be confirmed. Second, bankruptcy trustees and other estate fiduciaries should not be required to administer assets if doing so would cause them to violate federal criminal law’.”
No Bankruptcy Aid For Marijuana Businesses, Justice Department Officials Say
By On the Net|2017-12-06T19:31:11-07:00December 5th, 2017|Federal Dispensary Attacks, Legal Issues, Stories & Articles|Comments Off on No Bankruptcy Aid For Marijuana Businesses, Justice Department Officials Say
About the Author: On the Net
The author of this article is
Richard Keyt, an Arizona business law attorney who is the creator of this Arizona medical marijuana law website. Connect with Richard at 480-664-7478 or on Google+